Weekly MOTR Report (WMR): “If You Must Listen to a Forecast, Listen to the S&P.”

This week's highlights

  • Yes, we're off to a weak start, but is that really surprising? What matters more is the market's technical underpinning, which we've been arguing is better now than at any time in the prior two years.
  • So, a short-term change in trend doesn't matter nearly as much as the fact that longer-term supports in the 4500 to 4600 area are still intact.
  • Also more important than short-term market weakness is the arrival of Financials to the. . .

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